The FCA has issued a policy statement and a further consultation paper as part of its ongoing review of the asset management market. PS18/18 – "Asset Management Market Study remedies and changes to the handbook – Feedback and final rules to CP17/18", provides the FCA’s findings and new rules and guidance following the initial consultation on the asset management market and CP18/9 – "Consultation on further remedies" addresses methods to provide easier fund choice for consumers and the promotion of fairness in the operation of performance fees.
Some of the main points covered in PS18/8 are:
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